tag:blogger.com,1999:blog-1603222303785259307.post8051677423020403232..comments2023-09-23T21:52:50.905+08:00Comments on Health and Wealth: Cost of Life InsuranceKhiat Han Hwee Adrianhttp://www.blogger.com/profile/00954307521105388372noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1603222303785259307.post-24489970329452341292008-05-14T23:28:00.000+08:002008-05-14T23:28:00.000+08:00You are right. Fee based is a very good way to ens...You are right. Fee based is a very good way to ensure consumers get the proper and unbias advice.<BR/><BR/>The environment is still not there for fee based planning because most people are willing to provide free planning services. I am one of the guilty ones now. Its very hard work and end of the day, no guarantee of any reward. Over time, we can get burnout for trying to be professional without monetary compensation.<BR/><BR/>I am working towards achieving the capabilities and confidence of charging a fee in the new firm. Got lots to learn from advisers like you, Patrick and David.Khiat Han Hwee Adrianhttps://www.blogger.com/profile/00954307521105388372noreply@blogger.comtag:blogger.com,1999:blog-1603222303785259307.post-59572258484996334942008-05-14T22:03:00.000+08:002008-05-14T22:03:00.000+08:00Adrian Kiat said: Life is hard as a Financial Cons...<I> Adrian Kiat said: <B>Life is hard as a Financial Consultant. If we show people no. 08 or 09, we can even be blamed for being unethical or greedy by some people just because we did not recommending no. 10.</B></I><BR/><BR/>Perhaps the only solution is fee-based. In this way, the FA is compensated for giving advice and rather than compensated by the product sold. The trouble in Singapore is that not many consumers are willing to pay for advice.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1603222303785259307.post-49908784702928737232008-05-13T14:33:00.000+08:002008-05-13T14:33:00.000+08:00Revosave is an Anticipated Endowment Policy. For p...Revosave is an Anticipated Endowment Policy. For protection, it is very lousy. For Savings, yield is around 3.4%pa over 20 years if the savings option is chosen for its yearly cashback. If Investment option is chosen, yield is around 3.7% over 20 years basis 5% Investment returns minus management charges.<BR/><BR/>May not give the best yield for an endowment plan, but there are people looking out for the cashback option. Comparable to similar plans in the market, it still gives better value.<BR/><BR/>For Vivolife, I will only recommended for a foundation cover meant to cover the permanent CI needs. It should not be taken to cover the temporary CI needs. Term insurance is still recommended. If compared to many other similar plans again, it is still value for money.<BR/><BR/>I'm comparing apples and apples, pls do not take my comment to compare endowment and investments.Khiat Han Hwee Adrianhttps://www.blogger.com/profile/00954307521105388372noreply@blogger.comtag:blogger.com,1999:blog-1603222303785259307.post-62014646510565876562008-05-13T10:12:00.000+08:002008-05-13T10:12:00.000+08:00What about revosave and vivo life from NTUC? Have...What about revosave and vivo life from NTUC? Have you calculated whether they are value for money?Anonymousnoreply@blogger.com